Tax Reform is Working for Middle-Class Americans | American Center for Law and Justice
  Search  |  Login  |  Register

ACLJ Profile Completion


Tax Reform is Working for Middle-Class Americans

By Harry G. Hutchison1516631437327

One of the largest successes of the last year is undoubtedly tax reform. The massive tax cuts package passed by Congress and signed by the President is a remarkable achievement – the largest tax cuts and simplification of the often bewildering tax code in decades.

Indeed, whether it is tax reform, the economy, or within the realm of international affairs, it is clear that one of this Administration’s greatest gifts are its enemies who continue to underestimate its accomplishments.

This observation is richly reinforced despite complaints from often wealthy left-wing politicians and commentators falsely claiming that tax cuts only benefit the rich or that workers will only receive crumbs from tax reform.  In fact, the Washington Post directly debunks these left-wing claims. In short, these claims represent a deliberate and intentional deception by individuals who refuse to face facts and instead hold onto their tired, baseless narrative. This narrative refuses to acknowledge that average Americans including families in the bottom three quintiles—earning less than $86,000 per year—receive a tax cut.

Yet, facts are stubborn things. Beyond the direct benefits of tax cuts for the bottom three quintiles of American families, which include a doubling of the standard deduction, lower tax rates, and a doubling of the child-tax credit, the headlines, each and every day, show that tax reform is delivering additional measurable benefits for working Americans.

Just this week, Apple announced that it was joining with a blizzard of firms, including major employers like Walmart, that are repatriating billions in profits from abroad for purposes of capital investment in the United States, giving significant bonuses to their employees, and raising wages for up to 2 million American workers so far. Americans for Tax Reform offers a continuously updated, growing list here

One report indicates that in addition to the $38 billion Apple Inc. will pay to bring profits held abroad home, it will invest $30 billion in capital spending in the U.S. over five years, which will fuel the creation of 20,000 jobs. It is estimated that repatriation taxes paid by these multi-national firms on profits held abroad will approach or exceed $250 billion and $1.6 trillion dollars of profits returning to this country. These are the so-called “crumbs” of tax reform.

As more and more companies create jobs, increase their investment in capital equipment spending, and give raises and bonuses to their workers, it is becoming increasingly difficult to reconcile the hysterical claims by opponents of tax reform with the reality. As new withholding tables have now been prepared by the Internal Revenue Service and are expected to be implemented by payroll software and individual business by mid-to-late February of this year, the evidence that tax reform has delivered benefits to the middle class will be undeniable.

This is a narrative that middle class and working-class Americans understand: more money in their pocket every month. Unlike deceptive claims by left-wing politicians and commentators, they can take this narrative to the bank.

Latest in

Senate Confirms Mike Pompeo and Ric Grenell

By Nathanael Bennett1524769466756

In a major victory for U.S. diplomacy, the U.S. Senate has confirmed Mike Pompeo to be Secretary of State and Ric Grenell to be U.S. Ambassador to Germany. Mr. Pompeo was confirmed by a vote of 57-42 and Mr. Grenell was confirmed by a vote of 56-42. As we have previously reported, these two...

read more

Opposing California’s Unconstitutional Laws

By Edward White1523634594046

Recently, the State of California passed several laws designed to advance California’s open-borders agenda and status as a sanctuary state. These laws, for example, restrict voluntary cooperation with federal immigration agents by employers and state and local law enforcement agencies when it comes...

read more

Maximum Pressure on Congress

By Nathanael Bennett1522680986404

In what the White House has described as a “ maximum pressure ” strategy, the Trump Administration has tightened sanctions on North Korea , strengthened trade relations with South Korea, and put China on notice for its proclivity to use U.S. technology for a military or economic advantage. These...

read more

California Violating the Constitution

By Edward White1522092407382

The State of California recently passed laws designed to shield illegal aliens residing in California from workplace enforcement actions conducted by federal immigration agents. To stop these new laws, the Trump Administration filed a federal lawsuit , and the American Center for Law and Justice...

read more